|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
| 13.05 ||30 days|| 13.05 || ABOUT 22.53%|
Based on normal probability distribution, the odds of IDBI MIP to move above current price in 30 days from now is about 22.53% (This IDBI MIP Qt Div probability density function shows the probability of IDBI MIP Fund to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, IDBI MIP has beta of 0.0 . This indicates unless we do not have required data, the returns on DOW and IDBI MIP are completely uncorrelated. Additionally IDBI MIP Qt DivIt does not look like IDBI MIP alpha can have any bearing on the equity current valuation.